Paul Simon on Jobs
Train our workforce better to beat foreign competition
[One solution to the trade deficit is to] train our workforce better. How many US-based corporations have moved plants to other countries because of our inadequately trained workforce? No one knows, but the numbers are large. That does
not mean Americans have less inherent ability than people in Japan or Germany or Singapore. But privately, and sometimes publicly, industrial leaders are candid about the inadequacy of the educational background of too many Americans.
A better-prepared workforce means higher productivity. Higher productivity results in a lower unit cost to manufacture an item. Lower costs increase the likelihood of successfully competing with products manufactured overseas. This leads to higher sales,
which results in higher profits. Everyone wins-labor, management, stockholders, the government, and the dollar.
Source: The Dollar Crisis, p.102
Jul 2, 1996
Train our workforce better to beat foreign competition
A better-prepared workforce means higher productivity. Higher productivity results in a lower unit cost to manufacture an item. Lower costs increase the likelihood of successfully competing with products manufactured overseas. This leads to higher sales,
which results in higher profits. Everyone wins-labor, management, stockholders, the government, and the dollar.
Source: The Dollar Crisis, p.102
Jul 2, 1996
Voted YES on replacing farm price supports.
Replaces farm price supports with seven years of annual fixed payments.
Status: Bill Passed Y)64; N)32; NV)4
Reference: Agriculture Market Transition Act of 1996;
Bill S. 1541
; vote number 1996-19
on Feb 7, 1996